BRUSSELS RENOV: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BRUSSELS RENOV
Largest movements
- Receivables within one year +€10,995
up €10,995 (+7.4%), from €148,632 to €159,627
of which Trade receivables: +€30,435
- Cash +€7,072
up €7,072 (+21.6%), from €32,781 to €39,853
mainly Net result for the year (+€42,225) and Tax, wage and social debts (+€20,254)
- Profit (loss) carried forward +€42,225
up €42,225 (+38.5%), from €109,539 to €151,764
- Trade debts -€24,241
no longer reported in 2025 (was €24,241)
- Tax, wage and social debts +€20,254
up €20,254 (+404%), from €5,019 to €25,273
of which Taxes: +€18,223
- Accrued charges and deferred income -€9,335
no longer reported in 2025 (was €9,335)
- Other debts -€8,450
down €8,450 (-95.5%), from €8,850 to €400
- Gross operating margin +€47,379
up €47,379 (+153%), from €31,008 to €78,387
- Financial income +€6,049
new in 2025: €6,049
- Staff costs -€3,104
down €3,104 (-14.7%), from €21,077 to €17,973
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,985 | €205,447 | +€16,462 | +8.7% |
| Fixed assets | 21/28 | €7,572 | €5,967 | -€1,605 | -21.2% |
| Tangible fixed assets | 22/27 | €7,572 | €5,967 | -€1,605 | -21.2% |
| Furniture and vehicles | 24 | €7,572 | €5,967 | -€1,605 | -21.2% |
| Current assets | 29/58 | €181,413 | €199,480 | +€18,067 | +10.0% |
| Amounts receivable within one year | 40/41 | €148,632 | €159,627 | +€10,995 | +7.4% |
| Trade receivables | 40 | €28,081 | €58,516 | +€30,435 | +108% |
| Other amounts receivable | 41 | €120,551 | €101,111 | -€19,440 | -16.1% |
| Cash at bank and in hand | 54/58 | €32,781 | €39,853 | +€7,072 | +21.6% |
| Total equity and liabilities | 10/49 | €188,985 | €205,447 | +€16,462 | +8.7% |
| Equity | 10/15 | €129,999 | €172,224 | +€42,225 | +32.5% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €109,539 | €151,764 | +€42,225 | +38.5% |
| Amounts payable | 17/49 | €58,986 | €33,223 | -€25,763 | -43.7% |
| Amounts payable after more than one year | 17 | €7,550 | €3,470 | -€4,080 | -54.0% |
| Financial debts | 170/4 | €7,550 | €3,470 | -€4,080 | -54.0% |
| Amounts payable within one year | 42/48 | €42,101 | €29,753 | -€12,348 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €3,991 | €4,080 | +€89 | +2.2% |
| Trade debts | 44 | €24,241 | - | -€24,241 | |
| Suppliers | 440/4 | €24,241 | - | -€24,241 | |
| Taxes, remuneration and social security | 45 | €5,019 | €25,273 | +€20,254 | +404% |
| Taxes | 450/3 | €4,693 | €22,916 | +€18,223 | +388% |
| Remuneration and social security | 454/9 | €326 | €2,357 | +€2,031 | +623% |
| Other amounts payable | 47/48 | €8,850 | €400 | -€8,450 | -95.5% |
| Accrued charges and deferred income | 492/3 | €9,335 | - | -€9,335 | |
| Remuneration, social security and pensions | 62 | €21,077 | €17,973 | -€3,104 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,693 | €4,260 | +€567 | +15.4% |
| Other operating charges | 640/8 | €247 | €198 | -€49 | -19.8% |
| Non-recurring operating charges | 66A | - | €2,384 | +€2,384 | |
| Gross operating margin | 9900 | €31,008 | €78,387 | +€47,379 | +153% |
| Operating profit (loss) | 9901 | €5,991 | €53,572 | +€47,581 | +794% |
| Financial income | 75/76B | - | €6,049 | +€6,049 | |
| Recurring financial income | 75 | - | €6,049 | +€6,049 | |
| Financial charges | 65/66B | €705 | €616 | -€89 | -12.6% |
| Recurring financial charges | 65 | €705 | €616 | -€89 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €5,286 | €59,005 | +€53,719 | +1,016% |
| Income taxes | 67/77 | €16,101 | €16,780 | +€679 | +4.2% |
| Profit (loss) for the period | 9904 | -€10,815 | €42,225 | +€53,040 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,815 | €42,225 | +€53,040 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.